Written Question·Treasury·UIN 26968
Lloyd’s Act 1982
Tabled: 28 January 2025
Answered: 4 February 2025
Question
Olivia Blake
Labour — Sheffield Hallam
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of updating the Lloyd’s Act 1982 to align the underwriting activities of that organisation with legally binding climate policies.
Answer
Emma ReynoldsThe Treasury has not made an assessment. The Government and relevant regulatory bodies will continue to engage with insurance industry representatives, including Lloyd’s of London, to ensure insurers' practices support the transition to a low-carbon econo...
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